just a couple basic blackjack ?'s

[adam.88]

1. Could someone please explain to me how insurance works and how the pay outs work with it?
2.What happens when a player ties a dealer? does the player get his bet back or does the player lose their bet to the dealer?

 

[sagefr0g]

1. Could someone please explain to me how insurance works and how the pay outs work with it?
2.What happens when a player ties a dealer? does the player get his bet back or does the player lose their bet to the dealer?

the insurance bet should pay 2:1 .
if your only playing basic strategy then you never want to take insurance.
if counting (say using HiLo) then you take insurance if the true count is +3 or greater.
taking the insurance bet is the same thing as taking even money if you have a blackjack. again don't do it if your only using basic strategy.
a counter will take insurance on any hand if the true count is +3 or greater.
what you do is if the dealer has an ace up and you want to take insurance is you put out half your original bet on the insurance marker near your hand.
if you win the insurance bet on anything other than where you have a blackjack then you in essence get your original bet back, it's as if the hand was pushed. if your hand was a blackjack and you insure it and win the insurance bet it's as if you get even money on your original bet.
all that taking insurance really is, is that you are betting that the dealer has blackjack. if you put out an insurance bet and the dealer does not have blackjack then you lose your insurance bet and the hand is played out.

best regards,
mr fr0g

 

[shadroch]

In a normal BJ game,a tie is a push and your money is returned. A few exotic BJ games have the rule that ties lose. Avoid any such game. Do not play BJ unless BJ pays 3-2,ties push and the dealer must hit until at least 17.Any game that doesn't include all three of these is a carny game designed to take your money even faster.

 

[adam.88]

so if the insurance bet is say $10, and the player wins it, the dealer pays the player $20?? 2:1? $10 profit??

3:2 for a blackjack. does that mean if the bet is say $10 and the player gets an ace-ten the dealer pays player $15.

 

[sagefr0g]

so if the insurance bet is say $10, and the player wins it, the dealer pays the player $20?? 2:1? $10 profit??

yes that is how the dealer pays on the insurance bet. the problem is the player unless he has a blackjack loses the original bet which would have been $20 so unless the player has a blackjack there really isn't a profit, just a push in essence. if the player has blackjack and the dealer has blackjack and the player made an insurance bet the player ends up with a $20 profit in this case.

3:2 for a blackjack. does that mean if the bet is say $10 and the player gets an ace-ten the dealer pays player $15.

yes that is correct assuming the dealer did not also have blackjack.

best regards,
mr fr0g

 

[shadroch]

so if the insurance bet is say $10, and the player wins it, the dealer pays the player $20?? 2:1? $10 profit??

3:2 for a blackjack. does that mean if the bet is say $10 and the player gets an ace-ten the dealer pays player $15.

But your insurance bet can only be half your bet thats on the table.

 

[adam.88]

i also heard that if the player gets 21 he's offered insurance. is that true and how does it work.

 

[sagefr0g]

i also heard that if the player gets 21 he's offered insurance. is that true and how does it work.

if you have blackjack and the dealer has an Ace up the dealer will often ask you if you want even money. taking even money would be the same thing as taking insurance in this instance. never do it unless you are counting and the true is greater or equal to +3 .

best regards,
mr fr0g

 

[Mikeaber]

i also heard that if the player gets 21 he's offered insurance. is that true and how does it work.

There are a very few casinos that will offer "insurance" and "even money" when the dealer has a "10" showing before he peeks to see if he has an Ace in the hole. I can't think of a situation no matter what the count is where this would be a good bet.